Erskine Bowles Joins Facebook's Board of Directors

Erskine Bowles, who co-chaired President Obama's fiscal responsibility commission, has joined the Facebook's board of directors, the social network said on Wednesday.

Bowles, a former chief of staff to President Bill Clinton, serves on the boards of several other companies, including Morgan Stanley, Cousins Properties Inc., Norfolk Southern Corp. and Belk Inc.

"Erskine has held important roles in government, academia and business which have given him insight into how to build organizations and navigate complex issues," Mark Zuckerberg, founder and CEO of Facebook, said in a statement. "Along with his experience founding companies, this will be very valuable as we continue building new things to help make the world more open and connected."

In February 2010 Obama appointed Bowles to co-chair his bipartisan National Commission on Fiscal Responsibility and Reform with Alan Simpson, a former Republican senator from Wyoming. The commission's recommendations became key debating points in the fight over government spending.

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